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The US$7.5M Malavi trailing suction hopper dredge, which was commissioned by President Irfaan Ali at GAICO’s Nismes, West Bank Demerara wharf (Office of the President photo)

US$7.5M GAICO dredge commissioned

GAICO Construction and General Services Inc on Saturday increased its dredging capabilities with the addition of a new US$7.5 million dredge that was commissioned by President Irfaan Ali at the company’s Nismes, West Bank Demerara wharf.

The Liza Unity platform

Guyana nets US$106M from first Unity platform lift

With Guyana receiving its first one million barrels of oil from the offshore Liza Unity oil platform, it is expected to net around US$106 million from the sale of the lift amid a huge spike in international fuel prices President Irfaan Ali yesterday said that government used the spot sale system to sell its share to ExxonMobil, a provision catered for under the crude lifting agreement, even as it continues to seek out a marketer or long term buyer for the remainder of its lifts.

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